FRANKLIN, Tenn.--(BUSINESS WIRE)--May 1, 2017--
Community Health Systems, Inc. (NYSE: CYH) announced today that
subsidiaries of the Company have completed the sale of their ownership
interest in two Mississippi hospitals and their associated assets to
subsidiaries of Curae Health, Inc. Facilities divested are 95-bed Merit
Health Gilmore Memorial in Amory and 112-bed Merit Health Batesville in
Batesville. The effective date of the transaction is May 1, 2017. With
the divestiture of the Amory and Batesville hospitals, Community Health
Systems affiliates continue to operate ten hospitals in Mississippi.
Transfer of the lease and associated assets for 181-bed Merit HealthNorthwest Mississippi in Clarksdale is expected to be completed during
the second quarter.
The hospitals in this transaction are part of the planned hospital
divestitures previously discussed. The Company will provide an update on
its divestiture activity on its first quarter 2017 earnings call
scheduled to begin at 11:00 a.m. Central time, 12:00 p.m. Eastern time,
on Tuesday, May 2, 2017.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly traded
hospital companies in the United States and a leading operator of
general acute care hospitals in communities across the country. The
Company, through its subsidiaries, owns, leases or operates 146
affiliated hospitals in 21 states with an aggregate of approximately
24,000 licensed beds. The Company’s headquarters are located in
Franklin, Tennessee, a suburb south of Nashville. Shares in Community
Health Systems, Inc. are traded on the New York Stock Exchange under the
symbol “CYH.” More information about the Company can be found on its
website at www.chs.net.
Statements contained in this news release regarding potential
transactions, operating results, and other events are forward-looking
statements that involve risk and uncertainties. Actual future events or
results may differ materially from these statements. Readers are
referred to the documents filed by Community Health Systems, Inc. with
the Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly reports
on Form 10-Q. These filings identify important risk factors and other
uncertainties that could cause actual results to differ from those
contained in the forward-looking statements. The Company undertakes no
obligation to revise or update any forward-looking statements, or to
make any other forward-looking statements, whether as a result of new
information, future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170501006310/en/
Source: Community Health Systems, Inc.
Community Health Systems, Inc.
Larry Cash, 615-465-7000
President of Financial Services and Chief
Ross W. Comeaux, 615-465-7012
Director – Investor Relations
Senior Vice President, Corporate
Marketing and Public Affairs